Nomura Holdings has tapped Mahesh Natarajan to head its equity capital markets business in India, two sources with direct knowledge told Reuters, a top-level investment […]
Category: BFSI
Transactions worth Rs 12,000 crore by insurers under taxman’s lens
Transactions of more than ₹12,000 crore are under the scanner of the income-tax department that is probing several commission agents of insurance companies over alleged […]
Transition to expected credit loss-based provisioning may hit banks only one time: Report
The implementation of expected credit loss (ECL)-based provisioning model proposed by the Reserve Bank of India will be smooth as the transition will hit banks’ […]
Banks relying on costly market borrowings for lending
Banks are relying more on costly market borrowings instead of deposits to meet credit demand. Experts say that banks are yet to turn aggressive in […]
RBI bans SBM India from allowing foreign remittances
The Reserve Bank of India (RBI) has banned State Bank of Mauritius (SBM)’s Indian subsidiary SBM Bank (India) Ltd from processing any foreign exchange remittances […]
PSBs will continue to lag private peers in deposits: Analysts
Public sector banks are benefiting from lower credit costs and increase in risk appetite due to asset quality clean-up, but they face the risk of […]
Banks transfer Jaypee Infratech’s ₹9,234-crore debt to NARCL
Banks have completed the transfer of ₹9,234 crore of Jaypee Infratech loan to the National Asset Reconstruction Company (NARCL), marking the first acquisition for the […]
Banks seek immunity for board members, suggest NaBFID-like shield against arrests
Banks have asked the government for protection against the arbitrary arrest of board members for commercial decisions such as the granting of loans. They want […]
Insurers want NPS tax exemption for their pension schemes, too
The insurance industry is seeking a level-playing field with the National Pension System (NPS) with a tax exemption for annuity products of insurance companies to […]
Japan’s Credit Saison Company invests Rs 540 crore in its wholly owned Indian subsidiary
Japan’s leading financial services player Credit Saison Company invested Rs 540 crore in its wholly owned local subsidiary, Credit Saison India, signalling its intent to […]